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News & Press: SARS News & Tax Administration

VAT 412 - Guide For Share Block Schemes

18 March 2013   (0 Comments)
Posted by: Author: SARS communications
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Source: SARS Communications

SARS issued a VAT Guide for Share Block Schemes which can be accessed here.

This guide is a general guide concerning the application of the Act to share block schemes in South Africa. The information in this guide is issued for guidance only and does not constitute a binding general ruling as contemplated in Chapter 7 of the TA Act or section 41B of the Act unless otherwise indicated.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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